Are landlords leaving the rental sector en masse, as some have claimed?
Weโve crunched the latest numbers, and there is some movement.
But is it an โexodusโ? Not quite.
Zooplaโs July data showed one in eight properties for sale was previously a rental.
However, 40% of these homes are expected to be bought by other landlords and remain as rentals.
So, if a small number of landlords are quitting, that means many are holding firm.
Why? Here are the top five reasons, according to a Paragon Bank survey.
๐๐ฒ๐บ๐ฎ๐ป๐ฑ โ 60% of landlords identified strong tenant demand.
๐ฅ๐ฒ๐๐ถ๐ฟ๐ฒ๐บ๐ฒ๐ป๐ โ 54% want a healthy income in retirement.
๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ โ 47% cited continued property price growth.
๐๐บ๐ฏ๐ถ๐๐ถ๐ผ๐ป โ 40% were keen to build wealth and financial stability.
๐ฃ๐ฟ๐ฒ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ฐ๐ฒ โ 34% favoured property over other asset investments because of its tangibility.
๐ช๐ฒ๐ถ๐ด๐ต๐ถ๐ป๐ด ๐๐ฝ ๐๐ผ๐๐ฟ ๐ผ๐ฝ๐๐ถ๐ผ๐ป๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฟ๐ฒ๐ป๐๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐? ๐๐ฎ๐น๐น ๐๐ ๐๐ผ๐ฑ๐ฎ๐.
